Summary
Description
What's changing
The ISO 20022 is a standard for data exchange between financial institutions, and is the messaging standard used for SEPA payments.
If you use SEPA payments, you need to make certain changes in your payments files.
The fields are BIC, execution date and post address fields. The changes affect SEPA Credit Transfer, SEPA Direct Debit and Multi Currency payment files. This impacts all businesses making payments to countries where SEPA is in use.
Sage Payroll software
We're working closely with the relevant departments and agencies to confirm all the requirements.
To implement these changes, all you need to do is install Sage Payroll v28.1, once it's available later this year.
TIP: To check out the information available, go to europeanpaymentscouncil.eu
Stay informed and connect with others
Remember, the Community Hub is always available for you to stay updated and engage with fellow Sage Payroll users.
Visit us at communityhub.sage.com and join the conversation today.
Africa
Asia
Australia
Canada
France
Kenya
Nigeria
Portugal
South Africa
Spain
United Arab Emirates
United Kingdom
United States
Germany